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4.01: Consider Loan Application from Restaurant Subsidy Program: Bossman Inc. dba <br />Chanticlear Pizza <br />Economic Development Manager Sullivan presented the staff report. <br />Member MacLennan arrived. <br />Chairperson Wiyninger invited the applicant to speak. <br />Nicholas Swanson, applicant, stated that he has had the location on the Anoka/Ramsey border for <br />16 years and most of their delivery business is to Ramsey. He stated that he has also lived in <br />Ramsey since 2014 and has been considering a location in the COR for many years. He stated that <br />he is ready for the full -service idea as the two other locations have been working well. <br />Member Riley noted that the case stated that this will be a full -service restaurant and not just a to - <br />go pizza place and asked applicant to better describe the full -service restaurant concept <br />Mr. Swanson commented that the two existing Chanti Grille concepts in Maple Grove and Coon <br />Rapids do not have a large delivery business and more focus is on dine -in. He stated that there <br />will be 160 seats in Ramsey. <br />Member MacLennan asked if this is a franchise restaurant. <br />Mr. Swanson commented that the delivery/carry-out businesses are franchised but the grill concept <br />has not yet been franchised and is available through license. He stated that he has a full team set <br />up and the owners of the Coon Rapids and Maple Grove locations are also assisting. <br />Member Johnson asked for details on the menu. <br />Mr. Swanson commented that it would be typical American sports bar fare, catered for a Ramsey <br />audience. <br />Member Johnson asked if the pizza location would remain. <br />Mr. Swanson commented that he will be selling that location, so it will remain in business under <br />a new operator with a larger delivery area. He stated that the restaurant will have a very small <br />delivery area. <br />Member Riley commented that residents, the Council and EDA have had a goal to bring in full - <br />service restaurants. He stated that the SAC and WAC are an obstacle for new businesses and this <br />program is a good way to assist businesses in coming to Ramsey. He believed that this would be <br />a good use of EDA resources to meet a need and want from residents. <br />Motion by Member Johnson, seconded by Member Stewart, to recommend to City Council <br />approval of a $30,538.20 (70%) SAC and WAC loan to Bossman Inc. dba Chanticlear Pizza; <br />subject to underwriting and City Attorney review. <br />Economic Development Authority/ December 14, 2023 <br />Page 2 of 6 <br />